ATM fraud RSS

This year marks 50 years since the introduction of the first ATM, which was put into use by Barclays in its Enfield branch in north London on 27th June 1967. Technology has come a long way since this early version of the self-service systems we use today but one thing hasn’t changed – the need [...]

The post Staying one step ahead in the ATM security challenge appeared first on Payments Cards & Mobile.

A Russian-speaking Skimer group forces ATMs to assist them in stealing users money. Discovered in 2009, Skimer was the first malicious program to target ATMs. Seven years later, cyber criminals are reusing the malware: but both the crooks and the program have evolved, and this time they pose an even more advanced threat to banks [...]

The post ATM is the New Skimmer – Skimer mutates appeared first on Payments Cards & Mobile.

According to the inaugural MasterCard Safety and Security Index, consumers across Southeast Asia and Greater China cited identity theft and ATM-related fraud as the top two security concerns when it comes to electronic payments. 42% of consumers in Southeast Asia (Indonesia, Malaysia, Philippines, Singapore Thailand, and Vietnam) were most concerned with ATM-related fraud such as [...]

The post Identity theft and ATM-related fraud top payments security concerns appeared first on Payments Cards & Mobile.